GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Change:	-
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High / Low range:	-

Type:	Commodities
Ticker:	XAUUSD
ISIN:

GOLD - USD - Daily - Technical analysis published on 08/23/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 1,761.50 USD

My targets

1,829.29 USD (+1.34%)

1,870.39 USD (+3.62%)

My analysis

GOLD - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1,761.50 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1,829.29 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1,870.39 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1,909.60 USD. Beware of a possible return to under the support located at 1,761.50 USD which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by RudeWorld. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 1,805.10 USD. On the day, this instrument gained +1.34% with the lowest point at 1,776.56 USD and the highest point at 1,806.50 USD. The deviation from the price is +1.61% for the low point and -0.08% for the high point.

1,776.56

1,806.50

1,805.10

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,683.99	1,727.06	1,761.50	1,805.10	1,829.29	1,870.39	1,909.60
Change (%)	-6.71%	-4.32%	-2.42%	-	+1.34%	+3.62%	+5.79%
Change	-121.11	-78.04	-43.60	-	+24.19	+65.29	+104.50
Level	Major	Intermediate	Minor	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,766.83	1,772.60	1,776.91	1,782.68	1,786.99	1,792.76	1,797.07
Camarilla	1,778.44	1,779.36	1,780.29	1,781.21	1,782.13	1,783.06	1,783.98
Woodie	1,766.09	1,772.24	1,776.17	1,782.32	1,786.25	1,792.40	1,796.33
Fibonacci	1,772.60	1,776.45	1,778.83	1,782.68	1,786.53	1,788.91	1,792.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,744.68	1,757.76	1,769.48	1,782.56	1,794.28	1,807.36	1,819.08
Camarilla	1,774.39	1,776.66	1,778.94	1,781.21	1,783.48	1,785.76	1,788.03
Woodie	1,744.01	1,757.42	1,768.81	1,782.22	1,793.61	1,807.02	1,818.41
Fibonacci	1,757.76	1,767.23	1,773.08	1,782.56	1,792.03	1,797.88	1,807.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,706.75	1,736.22	1,775.22	1,804.69	1,843.69	1,873.16	1,912.16
Camarilla	1,795.38	1,801.66	1,807.93	1,814.21	1,820.49	1,826.76	1,833.04
Woodie	1,711.51	1,738.60	1,779.98	1,807.07	1,848.45	1,875.54	1,916.92
Fibonacci	1,736.22	1,762.38	1,778.54	1,804.69	1,830.85	1,847.01	1,873.16

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.00
MACD (12,26,9):	-4.8800
Directional Movement:	-6.30
AROON (14):	-21.43
DEMA (21):	1,777.85
Parabolic SAR (0,02-0,02-0,2):	1,648.96
Elder Ray (13):	7.81
Super Trend (3,10):	1,719.07
Zig ZAG (10):	1,805.29
VORTEX (21):	0.9700
Stochastique (14,3,5):	77.81
TEMA (21):	1,779.90
Williams %R (14):	-14.02
Chande Momentum Oscillator (20):	0.84
Repulse (5,40,3):	1.8400
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	2.58

MA7:	1,786.51
MA20:	1,786.32
MA50:	1,792.53
MA100:	1,809.44
MAexp7:	1,785.42
MAexp20:	1,785.89
MAexp50:	1,796.89
MAexp100:	1,804.54
Price / MA7:	+1.04%
Price / MA20:	+1.05%
Price / MA50:	+0.70%
Price / MA100:	-0.24%
Price / MAexp7:	+1.10%
Price / MAexp20:	+1.08%
Price / MAexp50:	+0.46%
Price / MAexp100:	+0.03%

Quotes : - Real time data - Gold & Silver Spot

News

The latest news and videos published on GOLD - USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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